What are the true benefits of a national minimum wage; a) for the employees b) for the employers

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INTRODUCTION: The topic that I have chosen to discuss is the very controversial National Minimum Wage, which has recently (April 99) been introduced into the British Economy for the first time. In the preceding work I will be undertaking a research review of the affects that the Minimum wage will have, I will especially be focusing upon the costs and benefits of the scheme for employers and their employees. Therefore the question of which I have …

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…docs/pn/98-3.html> [Accessed at 14/05/01] Minford, P., 1996. Folly on the left-wing clamour for minimum wages. The Daily Telegraph, April 9th. Philpott, J., 1996. A national minimum wage: economic effects and practical consideration. London: Institute of personal and development. No13 Shaheed, Z. 1994, Minimum wages and low pay: an ILO perspective. International Journal of Manpower, Vol. 15 no2. USA: MCB Publishing Watson, D., 1998. UK wage Underpayment: Implications for the minimum wage. Edition 41. London: Middlesex University Business School.